C-Cube Message Board - Msg: 1862374

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Technology Stocks : C-Cube

CUBE 36.42

+1.1%

Dec 11 3:59 PM EST

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To: Rarebird who wrote (19769)	7/29/1997 5:07:00 PM
From: FloydP	of 50808

More TA The trend on CUBE has definitely changed. Taking that as a given, late last weeks action formed a classic "up" flag staff. This action is usually followed by the formation of a pennant formation which will require 4-5 trading days to form. Most bullish pennants have a slight downward bias and I don't expect this one to be any different. From this formation expect a breakout to the upside and a move of at least as great a magnitude as the original staff will ensue taking CUBE up another 6 points or so. This should get the stock to the 30 level after which its any bodys guess as to where it will utimately go on a short term basis. This should be nothing new to you folks with technical analysis skills. On the fundamental side of things, KABUTO's rule 144 intention to unload 1.1+ million shares could keep a lid on things for the time being. In any event short term traders should stay alert over the next week of two.

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